Two-Story Mixed-Use
300-306 Elati St., Denver, CO 80223
For Sale
Contact for pricing
Fully occupied by two complementary commercial tenants serving daytime and evening customers.
Property Size5,939 SF
Price / SF$269.41
Days on Market111
Property Features for 300-306 Elati St.
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Net Operating Income
Site & Location
Neighborhood
Building Details
Year Built
Year Renovated
Buildings
Stories
Units
Tenancy
Listing Agency:
NORTHPEAK Commercial Advisors
Listed By:
Scott Fetter
(720) 470-3646
Source:
Crexi
Added: Jul 27
Changed: Nov 11
Last Checked: Nov 12 at 4:45AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NORTHPEAK Commercial Advisors
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 300–306 Elati St. in Denver’s Baker neighborhood, this 5,939-square-foot mixed-use building extends across two stories and retains original architectural detail. Constructed in 1936, the property underwent a substantial renovation in 2005, including updated building systems and interior improvements. The property is fully leased to two complementary commercial tenants, creating distinct daytime and evening customer activity along the corridor.
The building is positioned south of the Denver Health Medical Campus and near Downtown Denver. Zoning is U-MX -2, supporting its mixed-use classification within an established urban neighborhood. The combination of two-story commercial space, updated systems, original character, and current occupancy defines the property’s existing configuration.
The building is positioned south of the Denver Health Medical Campus and near Downtown Denver. Zoning is U-MX -2, supporting its mixed-use classification within an established urban neighborhood. The combination of two-story commercial space, updated systems, original character, and current occupancy defines the property’s existing configuration.
Key Highlights
- 5,939‑square‑foot mixed‑use building across two stories
- 1936 construction with original architectural detail
- 2005 renovation included updated systems and interior improvements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,651
Cap Rate
5.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,673,020
$1.7M
Cap Rate 7%
$1,195,014
$1.2M
Cap Rate 9%
$929,456
$929.5K
Market Conditions
NOI Build-Up for 5,939 SF
Gross rent
$142.5K $24.00/SF
− Vacancy
−$8.7K −$1.46/SF
EGI
$133.8K $22.54/SF
− OpEx
−$50.2K −$8.45/SF
NOI
$83.7K $14.09/SF
Area
Denver, CO
Vacancy
6.10%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,673,020
Cap Rate 7%
$1,195,014
Cap Rate 9%
$929,456
Alternative Uses
Best Use
Mixed Use
$1.20M
$1.05M – $1.39M
NOI $83,651 @ 7.0% cap · market cap 5.23%
Second Best
Retail
$1.16M
$1.02M – $1.35M
NOI $81,298 @ 7.0% cap · market cap 5.08%
Theoretical Best
Office A
$1.89M
$1.65M – $2.21M
NOI $132,342 @ 7.0% cap · market cap 8.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,608
Businesses Nearby
97k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 48%
Shops & Services 41%
Apparel 6%
Hotels & Casinos 4%
Punch Bowl Social
Dining
21,446 visits/mo
0.4 miles
Sinclair
Shops & Services
10,475 visits/mo
0.4 miles
Santiago's
Dining
10,185 visits/mo
0.4 miles
Dunkin' Donuts
Dining
7,759 visits/mo
0.4 miles
Conoco
Shops & Services
7,163 visits/mo
0.4 miles
Demographics for 80223, CO
19,862
Population
9,532
Households
2.1
Avg Household Size
34
Median Age
46%
College-Educated
87%
High-School Grad
5.3 sq mi
ZIP Area
3,748
Density / Sq Mi
$80,461
Median Household Income
$50,567
Median Earnings
$1,650
Median Rent
$497,900
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in Denver, CO
Properties on Market for Mixed-use properties in Denver
Vacancy Rate% for Retail in Denver, CO
Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully occupied by two complementary commercial tenants serving daytime and evening customers.
Where is this mixed-use property located?
The property is located at 300-306 Elati St. Denver, CO.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 5,939‑square‑foot mixed‑use building across two stories; 1936 construction with original architectural detail; 2005 renovation included updated systems and interior improvements
